So, you’ve finally started your blog as a magazine writer. Congratulations! That’s a huge step forward, you know. Now it’s time to monetize your blog and earn passive income along the way!
Just in case you’ve ever wanted to successfully monetize your blog, but worried that it would take years and years, then I’ve got news for you: Many of these strategies can start working for you in the next 30 days!
How to monetize your blog & earn passive income
Disclaimer: This post may include affiliate links. When you click on this and purchase any physical products or services, I’ll earn some commission with no extra cost for you. Thank you for your understanding.
First of all, there are three different “types” of blog income. Generally, the income you earn from your blog would fall under one of these areas:
- Promoting other people’s stuff
- Running a service-based business
- Creating and promoting your own stuff
Below, I’m explaining each of these in detail and also sharing several specific ways that you can utilize them and start earning.
1. Promoting other people’s stuff
This includes showing ads, affiliate marketing, and sponsored posts.
1.1 Showing ads
In the beginning, showing ads (mostly via Google AdSense) is an easy way to gain some money mainly from your traffic.
Once you’ve hit 10K page view monthly, you can apply for Ezoic which is an ads showing platform which allows publishers to earn good money, even from their still-small-audience.
Mediavine (at least 50K sessions monthly) and Adthrive (minimum of 100K page views/month) will bring more lucrative income, but as you can see, their requirements are also higher.
However, if you have less than 10K pageviews monthly yet still want to monetize with ads, Monumetric may be a good option as you can pay a one-time setup fee of $99 and let them handle the rest.
1.2 Affiliate marketing
Affiliate marketing is my favorite choice when it comes to new blog monetization.
The main reason is because revenue from affiliate marketing doesn’t depend on the traffic but rather conversions you create by providing relevant suggestions.
My other blogging blog started to generate income from affiliate marketing just two weeks after launching, now after 3+ months, it generates a steady income of approx. $100 – $120 monthly.
Another reason why I like affiliate marketing is because it requires very little work.
One of the keys to using affiliate programs is to write an affiliate blog post that can get traffic each day. If you’re using SEO, then your post will naturally get more and more traffic over time. It is truly “passive income.”
MY TIP: IF YOU DON’T HAVE TIME TO LEARN EVERYTHING ABOUT AFFILIATE MARKETING YOURSELF (THAT’S A LOT), GO GRAB THIS 50-PAGE AFFILIATE MARKETING STRATEGY BOOK ($29) BY CHELSEA @HERPAPERROUTE. SHE KNOWS HER STUFF!
1.3 Sponsored Posts
Next up is working with brands on collaborations, such as sponsored posts. As a travel blogger @MisaGjone, I’ve done my fair share of sponsored posts in the past with different OTAs and travel brands.
Even still? I don’t think sponsored posts are worth it. To make it a steady stream of income, you have to have quite many posts on your blog, meaning your content will be no longer authentic.
Do you think your readers and clients would like to read something you wrote, or some below-the-line PR articles embedded everywhere in your blog?
However, know your stuff better than me, right?
2. Running a service-based business
As a blogger, you spend a lot of time creating content and growing a targeted audience. That is the perfect foundation to launch a business from.
It’s entirely possible to run a thriving service-based business through your blog. This is an instance where you’re promoting your services, rather than someone else’s, so it all contributes to your overall brand.
If you’re interested in one-on-one work, here are a couple options for you if you’re thinking of starting a service-based business through your blog:
2.1 Coaching or consulting
Since you’re a writer, there will be no difficult for you to offer services related to writing/content marketing/content creating, and these services have become more and more popular now.
If you’re not in the field yet, try to step in before it becomes saturated.
2.2 Other services in your field
Other service-based jobs could include being a graphic designer, copywriter, SEO specialist, or any specific service that your audience may need.
Basically, if you have a skill that you can use in order to help people, then you can probably turn it into a service-based business.
3. Creating and promoting your own product(s)
Although I’m not selling any products (yet) on my blogs, I know that creating your own products is the future of blogging.
With that said, here are a few ways that you can monetize your blog with your own e-products.
E-courses are scalable, meaning you create one product and can sell it again and again.
The only downside to e-courses is that they take a lot of up front commitment and dedication to launch. It’s no easy task to create an e-course without a deadline or boss hovering over you.
Also, if you’re not careful with your marketing strategies, it’s possible to burn out and feel overworked by this “passive income” stream.
3.2 E-books or self-published books
Creating your own e-books or physical books is a solid way to earn an income through your blog, especially if you prefer writing to speaking.
However, compared to e-courses, e-books may take you more time to finish (since it’s faster speaking than writing/typing), meaning provided with the same amount of time, you may earn more money with an e-course than with an e-book.
But again, if you prefer writing to speaking (which I do), then there’s no reason to not try, right?
Don’t expect it to come quickly!
I have worked pretty tirelessly on my blog, and you know, it takes time and an awful lot of work. Don’t feel bad if it takes a year or two to start seeing any money coming.
I know this is a lot of information and I hope it doesn’t overwhelm you! Basically, there are a lot of ways to monetize your blog, if that’s something you want to do.
Be creative and think of new ways to build on what you’re already doing or interested in.